Ares Capital's three largest insider shareholders as of September 29, 2026 are Michael J Arougheti (Executive Vice President, 2.02Mn shares), Michael Lewis Smith (Co President, 89.00K shares), Penelope F Roll (Chief Financial Officer, 60.50K shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Michael J Arougheti | Executive Vice President | 2,016,785 | 0 | 2,016,785 | 83.4% | 20 Feb, 2025 |
| 2 | Michael Lewis Smith | Co President | 0 | 89,000 | 89,000 | 3.7% | 23 May, 2022 |
| 3 | Penelope F Roll | Chief Financial Officer | 0 | 60,500 | 60,500 | 2.5% | 17 Mar, 2023 |
| 4 | Steven B. Mckeever | Director | 44,944 | 0 | 44,944 | 1.9% | 17 Jun, 2022 |
| 5 | Michael Kort Schnabel | Chief Executive Officer | 40,500 | 0 | 40,500 | 1.7% | 09 Feb, 2026 |
| 6 | James Robert Miller | Co President | 40,000 | 0 | 40,000 | 1.7% | 05 Mar, 2025 |
| 7 | Scott C Lem | Cfo And Treasurer | 39,463 | 0 | 39,463 | 1.6% | 09 Feb, 2026 |
| 8 | Mary Beth Henson | Director | 31,913 | 0 | 31,913 | 1.3% | 09 Feb, 2026 |
| 9 | Ann Torre Bates | Director | 30,000 | 0 | 30,000 | 1.2% | 13 Feb, 2025 |
| 10 | Jana Markowicz | Chief Operating Officer | 25,176 | 0 | 25,176 | 1.0% | 10 Feb, 2026 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 09 Feb, 2026 | Jana Markowicz | Chief Operating Officer | Acquired P | 15,000 | $19.20 | $288.00K | 25,176 | Direct |
| 05 Feb, 2026 | Michael Kort Schnabel | Chief Executive Officer | Acquired P | 12,500 | $19.13 | $239.13K | 40,500 | Direct |
| 05 Feb, 2026 | Michael Kort Schnabel | Chief Executive Officer | Acquired P | 12,500 | $19.13 | $239.13K | 40,500 | Direct |
| 06 Feb, 2026 | Scott C Lem | Cfo And Treasurer | Acquired P | 5,186 | $19.29 | $100.04K | 39,463 | Direct |
| 05 Feb, 2026 | Mary Beth Henson | Director | Acquired P | 4,000 | $19.14 | $76.56K | 31,913 | Direct |
| 31 Oct, 2025 | Michael Kort Schnabel | Chief Executive Officer | Acquired P | 13,000 | $20.39 | $265.07K | 28,000 | Direct |
| 03 Mar, 2025 | James Robert Miller | Co President | Acquired P | 40,000 | $23.32 | $932.80K | 40,000 | Direct |
| 18 Feb, 2025 | Michael J Arougheti | Executive Vice President | Disposed G | 300,172 | $0.00 | $0 | 2,016,785 | Direct |
| 11 Feb, 2025 | Ann Torre Bates | Director | Acquired P | 6,000 | $22.75 | $136.50K | 30,000 | Direct |
| 02 May, 2023 | Michael Kort Schnabel | Co President | Acquired P | 15,000 | $17.84 | $267.60K | 15,000 | Direct |
| 15 Mar, 2023 | Penelope F Roll | Chief Financial Officer | Acquired P | 3,000 | $17.50 | $52.50K | 57,500 | Indirect |
| 16 Mar, 2023 | Penelope F Roll | Chief Financial Officer | Acquired P | 3,000 | $17.44 | $52.32K | 60,500 | Indirect |
| 14 Sep, 2022 | Penelope F Roll | Chief Financial Officer | Acquired P | 2,500 | $19.04 | $47.60K | 54,500 | Indirect |
| 31 Aug, 2022 | Mary Beth Henson | Director | Acquired P | 9,000 | $19.77 | $177.93K | 20,000 | Direct |
| 03 Aug, 2022 | Penelope F Roll | Chief Financial Officer | Acquired P | 25,000 | $19.77 | $494.25K | 52,000 | Indirect |
| 15 Jun, 2022 | Steven B. Mckeever | Director | Acquired P | 2,775 | $17.95 | $49.81K | 44,944 | Direct |
| 14 Jun, 2022 | Michael J Arougheti | Executive Vice President | Acquired P | 300,000 | $17.75 | $5.33Mn | 1,782,709 | Direct |
| 01 Jun, 2022 | Mary Beth Henson | Director | Acquired P | 5,000 | $19.62 | $98.10K | 11,000 | Direct |
| 19 May, 2022 | Michael Lewis Smith | Co President | Acquired P | 54,000 | $18.64 | $1.01Mn | 89,000 | Indirect |
| 14 Mar, 2022 | Mary Beth Henson | Director | Acquired P | 6,000 | $20.05 | $120.30K | 6,000 | Direct |